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Regions in Recession and Resurgence

Author : Michael Chisholm
Publisher : Routledge
Page : 235 pages
File Size : 49,41 MB
Release : 2015-03-27
Category : Social Science
ISBN : 1317518888

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The world economy has undergone rapid evolution in recent decades, along with changes in the importance of industries and their organization, and sharp changes in the fortunes of regions. There are differences of opinion regarding the mainsprings of change and development and the role of goverments in fostering national output. In order to show the relvance of these changes to regional economies, the book focuses on the different schools of economic thought – from the neo-classical, through Keynesian to Marxist/radical ideas and monetarist/supply-side thinking – providing a brief description of their structure in non-spatial terms. The way these theories map into contrasting ideas regarding the mechanisms of regional economic growth is then explained. The book concentrates on developed economies and explicitly seeks to confront theory with fact, fact with theory. Bringing together non-spatial economic thery, regional growth theory and relevant empirical data, this book is intended for students in geography and regional economics but will also be of interest for those studying politics and government.

The Great Recession and Economic Resilience in U.S. Regions

Author : Timothy Jaquet
Publisher :
Page : 87 pages
File Size : 19,80 MB
Release : 2019
Category : Recessions
ISBN :

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This research examines specific impacts of the Great Recession on local and regional economies across the United States. This recession was the worst economic downturn in the last sixty years, and the first of its kind since modern datasets are available to explore more localized effects. The following essays explore patterns in labor markets that affect wages, regional employment, and firm growth.

Local and Regional Development

Author : Andy Pike
Publisher : Routledge
Page : 328 pages
File Size : 16,50 MB
Release : 2006-11-22
Category : Science
ISBN : 1134248547

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Local and regional development is an increasingly global issue. For localities and regions, the challenge of enhancing prosperity, improving wellbeing and increasing living standards has become acute for localities and regions formerly considered discrete parts of the ‘developed’ and ‘developing’ worlds. Amid concern over the definitions and sustainability of ‘development’, a spectre has emerged of deepened unevenness and sharpened inequalities in the development prospects for particular social groups and territories. Local and Regional Development engages and addresses the key questions: what are the principles and values that shape definitions and strategies of local and regional development? What are the conceptual and theoretical frameworks capable of understanding and interpreting local and regional development? What are the main policy interventions and instruments? How do localities and regions attempt to effect development in practice? What kinds of local and regional development should we be pursuing? This book addresses the fundamental issues of ‘what kind of local and regional development and for whom?’, frameworks of understanding, and instruments and policies. It outlines what a holistic, progressive and sustainable local and regional development might constitute before reflecting on its limits and political renewal. With the growing international importance of local and regional development, this book is an essential student purchase, illustrated throughout with maps, figures and case studies from Asia, Europe, and Central and North America.

The Dilemma of Regional Policy

Author : Stilianos Alexiadis
Publisher : Springer
Page : 126 pages
File Size : 27,14 MB
Release : 2017-11-06
Category : Business & Economics
ISBN : 3319689002

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Applying the principles of Optimal Control Theory to the problem of regional allocation of investment can be a useful tool for demonstrating how the trade-off between regional equity and overall efficiency can be overcome. This book poses the following questions: are spatial inequalities harmful for overall efficiency? How is the economist to assist the policy-maker in establishing generally applicable criteria or policies when the aims include equity as well as efficiency? Alexiadis analyses the 'equity versus efficiency' dilemma in the allocation of scarce resources, expressing the argument in mathematical terms; an issue of particular importance in development planning and programming. This is invaluable reading for final year and postgraduate students of regional, development and mathematical economics, as well as researchers, policy makers and all those working in regional development institutions.

Forest Related Perspectives for Regional Development in Europe

Author : Pentti Hyttinen
Publisher : BRILL
Page : 148 pages
File Size : 48,14 MB
Release : 2002
Category : Technology & Engineering
ISBN : 9789004123113

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Most of the less-favoured regions in Europe feature large areas of forestland. The FORWARD (Forest Resources for Work Opportunities and Regional Development) project was initiated to generate employment and income based on forest resources. This report presents the findings of the project.

A Decade after the Global Recession

Author : M. Ayhan Kose
Publisher : World Bank Publications
Page : 475 pages
File Size : 24,57 MB
Release : 2021-03-19
Category : Business & Economics
ISBN : 1464815283

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This year marks the tenth anniversary of the 2009 global recession. Most emerging market and developing economies weathered the global recession relatively well, in part by using the sizable fiscal and monetary policy ammunition accumulated during prior years of strong growth. However, their growth prospects have weakened since then, and many now have less policy space. This study provides the first comprehensive stocktaking of the past decade from the perspective of emerging market and developing economies. Many of these economies have now become more vulnerable to economic shocks. The study discusses lessons from the global recession and policy options for these economies to strengthen growth and prepare for the possibility of another global downturn.

Global Economic Prospects, June 2021

Author : World Bank
Publisher : World Bank Publications
Page : 339 pages
File Size : 39,84 MB
Release : 2021-08-03
Category : Business & Economics
ISBN : 1464816662

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The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.

Global Economic Prospects 2010

Author : World Bank
Publisher : World Bank Publications
Page : 187 pages
File Size : 23,32 MB
Release : 2010-02-12
Category : Business & Economics
ISBN : 0821382268

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“The crisis has deeply impacted virtually every economy in the world, and although growth has returned, much progress in the fight against poverty has been lost. More difficult international conditions in the years to come will mean that developing countries will have to place even more emphasis on improving domestic economic conditions to achieve the kind of growth that can durably eradicate poverty.� —Justin Yifu Lin, Chief Economist and Senior Vice President The World Bank 'Global Economic Prospects 2010: Crisis, Finance, and Growth' explores both the short- and medium-term impacts of the financial crisis on developing countries. Although global growth has resumed, the recovery is fragile, and unless business and consumer demand strengthen, the world economy could slow down again. Even if, as appears likely, a double-dip recession is avoided, the recovery is expected to be slow. High unemployment and widespread restructuring will continue to characterize the global economy for the next several years. Already, the crisis has provoked large-scale human suffering. Some 64 million more people around the world are expected to be living on less than a $1.25 per day by the end of 2010, and between 30,000 and 50,000 more infants may have died of malnutrition in 2009 in Sub-Saharan Africa, than would have been the case if the crisis had not occurred. Over the medium term, economic growth is expected to recover. But increased risk aversion, a necessary and desirable tightening of financial regulations in high-income countries, and measures to reduce the exposure of developing economies to external shocks are likely to make finance scarcer and more costly than it was during the boom period. As a result, just as the ample liquidity of the early 2000s prompted an investment boom and an acceleration in developing-country potential output, higher costs will likely yield a slowing in developing-country potential growth rates of between 0.2 and 0.7 percentage points, and as much as an 8 percent decline in potential output over the medium term. In the longer term, however, developing countries can more than offset the implications of more expensive international finance by reducing the cost of capital channeled through their domestic financial markets. For more information, please visit www.worldbank.org/gep2010. To access Prospects for the Global Economy, an online companion publication, please visit www.worldbank.org/globaloutlook.